NOT LISTED FOR SALE

Estimated Value: $307,000 - $346,000

4 Beds
3 Baths
-- Sq Ft
0.32 Acres

Last Sold May 13, 2020

Last sale price $214,000

Est. 51% increase in value since last sale

Current estimated payment $2,210/month

145 Days on Market

Highlights

  • 3 Car Detached Garage
  • Forced Air Heating System
  • Paved or Partially Paved Lot
  • Porch
  • Ceiling Fan

About This Home

As of May 2020

FANTASTIC, RENTAL WITH GREAT CASH FLOW!!! Three unit building has been very well maintained and it shows inside and out! The building features two one-bedroom units and a two-bedroom unit! Newly painted exterior! New roof! New furnace! Water heaters only a couple of years old! So much has been done here! Interiors have all been well maintained. Located on the east side of Elgin near downtown! Close to restaurants, shops, and public transportation! Great turn key investment property! Schedule your showing today!

Last Agent to Sell the Property

Matt Lysien

Suburban Life Realty, Ltd License #471003181 Listed on: 11/15/2019

Last Buyer's Agent

Jake Fugman

eXp Realty License #475181407

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,066

Year Built

  • Built in 1900

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 59x233
  • Paved or Partially Paved Lot

Parking

  • 3 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Asphalt Roof
  • Cedar

Interior Spaces

  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Porch

Schools

  • Larsen Middle School
  • Elgin High School

Utilities

  • Forced Air Heating System
  • Radiator
  • Heating System Uses Natural Gas

Community Details

Overview

  • 3 Units

Building Details

  • Fuel Expense $600
  • Insurance Expense $1,500
  • Water Sewer Expense $1,080
  • Gross Income $28,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,066

Year Built

Built in 1900

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Other Equipment: CO Detectors, Ceiling Fan(s)
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Porch
  • List Price: 225000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Cedar

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Radiator(s)
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 1080

Schools

  • High School: Elgin High School
  • Middle/Junior School: Larsen Middle School
  • Middle/Junior School District: 46

Lot Info

  • Lot Size Acres: 0.32
  • Lot Dimensions: 59X233
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Multi Family

  • Fuel Expense: 600
  • Insurance Expense: 1500
  • GrossIncome: 28200
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 5065.7
  • Tax Year: 2018
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2019
Closed on
May 13, 2020
Sold by
Maccaro Peter A
Bought by
Reckert Logan W
Seller's Agent
Matt Lysien
Suburban Life Realty, Ltd
Buyer's Agent
Jake Fugman
eXp Realty
List Price
$245,000
Sold Price
$214,000
Premium/Discount to List
-$31,000
-12.65%
Current Estimated Value
$323,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,034
Avg. Annual Appreciation
8.03%
Original Mortgage
$203,300
Outstanding Balance
$181,591
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$142,122
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Reckert Logan W $214,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reckert Logan W $203,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2020 05/13/20 Sold $214,000 -4.9% --
04/08/2020 04/08/20 Pending -- -- --
03/09/2020 03/09/20 Price Changed $225,000 -4.3% --
01/25/2020 01/25/20 Price Changed $235,000 -4.1% --
11/15/2019 11/15/19 For Sale $245,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,051 $83,610 $18,125 $65,485
2023 $5,757 $75,536 $16,375 $59,161
2022 $5,027 $63,972 $14,931 $49,041
2021 $4,801 $59,809 $13,959 $45,850
2020 $5,207 $57,097 $13,326 $43,771
2019 $5,080 $54,389 $12,694 $41,695
2018 $5,066 $51,238 $11,959 $39,279
2017 $4,982 $48,439 $11,306 $37,133
2016 $4,793 $44,938 $10,489 $34,449
2015 -- $41,190 $9,614 $31,576
2014 -- $40,681 $9,495 $31,186
2013 -- $41,754 $9,745 $32,009
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10574986

Midwest Real Estate Data (MRED)

APN: 06-13-179-012